Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Gryphon Gold Corp GYPHQ

Metals & Mining Gold
Gryphon Gold Corporation is a mine development company. The Company's principal asset is Borealis property. The Borealis Property is 27.5 square miles located in the Walker Lane gold belt of western Nevada. The Company's land position covers approximately 17,600 acres for the Borealis property and over 60 Nevada exploration properties, which cover approximately 70 square miles in the state's gold trends. The Borealis property has approximately 1.4 million ounces of measured and indicated gold resources, and approximately 1.1 million ounces of inferred gold resources have been accredited to the one square mile Central Borealis zone. Its Borealis property has over five other prospective zones that are being explored, which have the potential to host significant gold resources. The Company continued drilling on the Borealis property in the Graben resource, and in the central and western pediment areas.


GREY:GYPHQ - Post by User

Gryphon Gold Corp
Bullboard Posts
User Avatar Image
(10)
•••
Comment by red911on Feb 06, 2013 11:49am
124 Views
Post# 20946674

RE: RE: RE: 3,5% Net Profit Royalty

RE: RE: RE: 3,5% Net Profit Royalty

So that would be our floor I guess... and we are not far off that now... anything above that would depend on how successful they are in this JV... as I have said IMO the $5.6M question right now is how do they pay it by July 31?... If they could answer that one and clearly demonstrate progress and cash flow here maybe there is potential for all of this to work out?... although at 4 cents is is awfully hard to raise any sinificant amount of cash... being tied up with WGV does not make it much easier I would guess.

I am personally looking for a very comprensive update in the days leading up to the call... if they address the outstanding production improvements, have actually started new ore mining, and indicate WGV is interested in actually making this work rather than throwing GGN shareholders further under the bus... then maybe there is hope? 

 

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities